Currency in Circulation Declines First Time in 2 Years, Now 89.63% of COB

Nume Ekeghe Data released by the Central Bank of Nigeria (CBN), has showed that Currency in circulation (CIC) in Nigeria declined for the first time in two years, falling to…

AFDB Unveils Country Strategy Paper for Nigeria’s Agriculture, Infrastructure Growth

 Arthur Eriye The African Development Bank Group (AfDB) has unveiled a new Country Strategy Paper to boost agriculture and enhance economic growth in Nigeria. A delegation led by the Director…

Reduce regulatory charge to bolster Nigeria’s capital market growth, ex CIBN president tells SEC 

Former president of the Chartered Institute of Bankers of Nigeria (CIBN), Okechukwu Unegbu, has called on the Securities and Exchange Commission (SEC) to reduce the financial burden on Capital Market…

Apple testing M5 iPad Pro for possible release this year 

Apple is reportedly in the advanced stages of testing its next-generation iPad Pro, which is expected to feature the powerful M5 chip. This upcoming device could debut as early as…

Banking trillions: Now let’s blow this table by Joseph Edgar

In the last few days, Nigerians have been inundated with the staggering sums our banks have declared as profits. Almost all the big banks, collectively termed FUGAZ, have crossed the…

President Tinubu appoints Dr. Ibrahim Yahaya Oloriegbe as National Health Insurance Authority Chairman 

President Bola Tinubu has appointed Dr. Ibrahim Yahaya Oloriegbe as Chairman of the National Health Insurance Authority (NHIA) for an initial four-year term. The disclosure was conveyed in a statement…

NDLEA arrests Lagos businessman over 60 parcels of ‘loud’ shipped from U.S.  

The National Drug Law Enforcement Agency (NDLEA) has arrested a Lagos-based businessman and proprietor of Damillionz Takeout, Arokodare Damil Ebenezer, in connection with the shipment of 60 parcels of Loud,…

Alleged Discrepancies: Reps recover $14 million from Aradel Energy, Platform and 2 other oil companies  

The House of Representatives Public Accounts Committee (PAC) has announced the recovery of an additional $14.2 million (N21.4 billion) from four oil and gas companies – Aradel Energy Ltd, Universal…

JAMB warns 2024 Direct Entry candidates to upload awaiting results or face disqualification 

The Joint Admissions and Matriculation Board (JAMB) has warned 2024 Direct Entry candidates with awaiting results to upload them or face disqualification. The warning applies to those with results from…

World Bank approves fresh $500 million loan to Nigeria for economic stimulus program 

The World Bank has approved a $500 million loan to Nigeria to support the country’s Community Action for Resilience and Economic Stimulus Program. According to information obtained from the bank’s…

Business & Economy

NEITI plans review of $6.03bn divestments by IOCs, amid environmental issues, other concerns
Wema Bank’s profit rises 135%